Ann: GSW Completes Over-Subscribed A$75m Institutional Placement, page-187

Morning Nick, 403 here reporting from my basement.

Come on mate, no one needs to prove their courage on here, especially to you. Please go back and read some of my posts, not once was I ever personal or insulting to anyone. I challenged posters where there were clear lies being told to spread fear. (Cash receipts being confused as revenue, negative growth figures reported and some just blatantly inflammatory comments to other holders). And there were many. I was also clear that without any clarity surround the CBA, Yum! & NA Williams contracts that I valued the with a $1 in front of it.

You and others came here when the stock was in suspension, that is very easy to do. Of course things didn't look good in the original AFR article. How were any holders to know clients had terminated their contract? The terminations were immaterial, but reflected badly on management and that is why the price is where it is. Revenue will still grow next quarter, deliveries will still grow next quarter and the business will continue its ramp up to integrate it's clients onto its platform.

The difference between me and you, is that I don't post on here to make others feel bad. I posted to give holders hope and to make it easier for them to sleep at night during a very difficult monthly suspension even if it was delaying the inevitable. Most (bar a couple, they know who they are) holders knew this thing was going to get hammered on open. However, when you see a mate on the ground getting kicked, you stick up for them. At least I do.

My purchase price was in the low $2's after the NA announcement. I sold on re-open at $1.30. The stock no longer fits my risk profile (clearly). Rather than being played by mgmt it is now being played by shorters, day traders, the media and lawyers.


I've cut my losses (I only had 4,500 shares) and will move onto the next one. Question is, when will you?